ellipse’s Post

Not enough is being done to protect small businesses from credit card fraud and chargebacks. When over a third of SMBs are worried about it, you know it’s a problem that needs to be solved.   That’s why we’ve come up with the easiest and best solution to fight fraud and protect small businesses from unnecessary chargebacks. #fraudprotection #chargebacks #EVC ellipse

Friendly #Fraud is not-so-friendly for your bottom line. And while you can’t completely eradicate it, you don’t need to let friendly fraud undermine your ROI. Luckily, we’ve compiled 8 quick tips to help you fight friendly fraud and reclaim your hard-earned cash. 🤑 Follow for more insights! Dive in ➡️ https://lnkd.in/eyacBpWw #FriendlyFraud #Chargebacks #Ecommerce #Fintech #Paytech #Slyce360 #Slycebytes #Merchantservices

Hold on tight, #FinTech fam! #Chargebacks got you confused? Let's break it down in 6 steps! 1️⃣ Cardholder says "Nope, not my purchase!" & contacts their bank for a refund. 2️⃣ Bank investigates & assigns a reason code. (Think "Didn't receive item" or "Unauthorized purchase") 3️⃣ Investigate time! Bank decides if the claim is legit. Green light = refund, Red light = loss 4️⃣ Merchant's bank (acquirer) gets notified & fights their corner if needed. ️ (Evidence = your best friend!) 5️⃣ Merchant gets the (potentially bad) news. Legit claim = eat the loss. 6️⃣ Fight back time! Merchant presents evidence & bank makes a final decision. Win = funds return, BUT chargeback fees still sting! Remember: Minimize chargebacks with clear communication & a smooth customer experience! #Payments #CreditCard What are your best tips to avoid chargebacks? Share them in the comments!

Justt is revolutionizing the chargeback dispute process by providing an industry-leading automated solution to merchants. ⚡ With Justt, merchants can fight chargebacks regardless of volume and complexity, even amidst nuances with PSPs such as Buy-Now-Pay-Later providers. 💪 🚫 Stop letting chargebacks undermine your business' vitality and compromise your financial trajectory. Learn more by following the link below: https://brnw.ch/21wHBZc #fintech #chargebacks #payments #fraud

Chargebacks don't impact merchants equally. A friend of mine reselling electronic goods shut down operations after just 2 chargebacks. To recuperate the funds would have required 100 legitimate payments and it made his business infeasible. Some merchants operate in industries with razor-thin profit margins. The smaller your margin, the greater the number of payments required to recover the costs. Payment providers should pay close attention to the industries they serve, and think about how to support low-margin merchants. This will be a big competitive advantage, especially while they scale up, leading to a greater share of wallet. #chargebacks #operations #fintech #fintechoperations

In the payments universe, every hero needs a villain. Meet the dastardly Chargeback Kid, the bane of high-risk businesses everywhere! With a knack for wreaking havoc on your payment processes, Chargeback Kid brings chaos, lost revenue, and endless headaches. Dealing with chargebacks can feel like battling an insidious force determined to undermine your success. From disputed transactions to lost sales, the Chargeback Kid thrives on causing disruptions that can damage your business’s reputation and bottom line. High-risk businesses know all too well the pain of navigating these treacherous waters, where every chargeback represents not just a loss of funds, but also an increase in operational costs and potential penalties. But fear not! With Axcess Merchant Services and AxcessMan by your side, you can fight back against this villainous foe. Our expert solutions are designed to fortify your defences, ensuring your payment systems are resilient, reliable, and ready to take on the Chargeback Kid. Stand strong and let us help you keep your business safe from the perils of chargebacks. #PaymentsHero #Chargebacks #HighRiskPayments #BusinessResilience #TransactionSuccess #DigitalPayments #Fintech

Defending chargebacks is crucial for businesses because it helps protect revenue, maintain cash flow, and prevent potential fraud. Successfully disputing unjust chargebacks ensures that businesses do not unfairly lose money, which can be especially important for small businesses or those with thin profit margins. Additionally, a high chargeback rate can negatively impact a business's reputation with payment processors, potentially leading to higher fees or even the loss of the ability to process credit card transactions. Now that you know, please enjoy this person riding a banana in space… we’ll be right here on earth when you need us! #chargebacks911 #fraud #fintech #solutions #disputes

Calling all acquirers, MSPs, PSPs, and fintechs! If you’re headed to Las Vegas for ETA Transact and want to learn how to modernize your chargeback and dispute systems, you should meet with our Chief Strategy Officer Rick Lynch. #etatransact #chargebacks #friendlyfraud #payments 

Unlock the secrets of navigating the world of card disputes and chargebacks with this comprehensive guide. Whether you're a merchant or a consumer, understanding the intricacies of electronic transactions is key to financial well-being. 🔄💳 #ChargebackGuide #FinancialKnowledge #CardDisputesExplained #Chargebacks #FinancialEducation #CardTransactions #DisputeResolution #FraudPrevention #ConsumerRights #MerchantTips #FinancialLiteracy #SecureTransactions #PaymentSecurity #ragapay

With superheroes dominating popular culture, isn’t it time for a payments hero to step up to the fight? 🦸♂️💥 We need a champion to tackle the injustice of closed accounts, the insidious onslaught of chargebacks, and the super-villainous tyranny of restrictive terms and low-value offerings. Imagine a world where businesses can operate with confidence, knowing their payment systems are resilient and reliable. A world where transaction success rates soar, downtime is vanquished, and costs are under control. Are you ready to join the fight for better payment solutions? Also this hero needs a name, thoughts on a postcard (or in the comments!) #AxcessMan seems to on the nose... #PaymentsHero #Fintech #BusinessResilience #TransactionSuccess #DigitalPayments #Chargebacks #PaymentSolutions